Altisource

Altisource Portfolio Solutions SA engages in the provision of integrated service and marketplace for the real estate and mortgage industries. It operates through the following businesses: field services, marketplace, and mortgage and real estate solutions. The field services segment is involved in property preservation and inspection services, and vendor management oversight software-as-a-service (SaaS) platform. The marketplace business offers Hubzu, an online real estate auction platform, real estate auction, real estate brokerage, and asset management; and Equator, a SaaS-based technology to manage real estate owned, short sales, foreclosure, bankruptcy, and eviction processes. The mortgage and real estate solutions business includes mortgage loans, title insurance, real estate valuation services, residential and commercial construction inspection and risk mitigation services, foreclosure trustee services, and management of Lenders One. The company was founded on November 4, 1999 and is headquartered in Luxembourg.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Altisource (ASPS) reports robust 2022 performance and eyes revenue growth

Altisource (ASPS) delivered a strong performance in 2022, focusing on revenue growth, cost savings, and balance sheet strengthening. While facing challenges in certain segments, the company anticipates growth in revenue, margin expansion, and positive adjusted EBITDA in 2023. With a strategic focus on new business wins and market recovery, Altisource is poised for continued success.

Altisource (ASPS) reports robust Q1 performance amidst market challenges

Altisource (ASPS) delivered a strong performance in Q1 2023, driven by revenue growth, cost-saving measures, and a strengthened balance sheet. While facing challenges related to consumer financial stress indicators and market risks, the company remains optimistic about revenue and EBITDA growth opportunities. By focusing on operational efficiency and leveraging its sales pipeline, Altisource aims to navigate market challenges and drive future growth.

Altisource (ASPS) reports 47% EBITDA growth, eyes acquisitions for 2024

Altisource (ASPS) delivered a strong performance in adjusted EBITDA, despite challenges in service revenue. With a strategic focus on managing expenses, new business wins, and potential acquisitions, the company aims for positive adjusted EBITDA in the fourth quarter and eyes growth opportunities in 2024.

Altisource (ASPS) reports strong Q3 performance and cost-cutting success

Altisource (ASPS) delivered a strong performance in Q3 2023, with improved adjusted EBITDA and margins in both segments. The company is actively pursuing new business opportunities, cutting costs effectively, and maintaining a healthy cash position. Analysts are interested in foreclosure trends, cost-cut progress, and future cash flow outlook.

Altisource reports mixed Q4 performance, focuses on growth strategies

Altisource's Q4 2023 performance reflects a mix of challenges and strengths across its segments, with a focus on operational efficiency and strategic growth initiatives for 2024.
The company's resilience in the Origination segment and progress in debt reduction underscore its commitment to financial stability and market positioning.
While facing challenges in revenue growth and inventory management, Altisource has opportunities to leverage customer relationships, innovation, and debt management for future success.
Overall, Altisource's strategic focus on growth, efficiency, and financial health positions it for potential long-term sustainability and competitive advantage.

Altisource excels in Q1, eyes revenue growth and market expansion

Altisource's strong Q1 performance, focus on market share growth, and emphasis on profitability through efficiency initiatives position the company for continued success. With a positive outlook for revenue and EBITDA growth, Altisource is strategically navigating market dynamics and capitalizing on sales wins.

Altisource (ASPS) reports robust Q2 performance and eyes revenue growth

Altisource (ASPS) delivered strong Q2 results with revenue growth and improved margins, focusing on new business wins and service expansion.
While challenges like consumer financial stress and market uncertainties exist, Altisource remains optimistic about future growth and revenue contributions.
The company's strategic initiatives in homeowners insurance and renovation services position it well for achieving 2024 targets and driving profitability.

Altisource (ASPS) reports robust Q3 performance, eyes Renovation business growth

Altisource Portfolio Solutions (ASPS) delivered a solid performance in Q3 2024, driven by strong service revenue and improved adjusted EBITDA. The company's focus on the Renovation business and diversification of revenue streams are key strengths. Despite market challenges, ASPS remains optimistic about future growth opportunities and is proactively managing risks.
ASPS's ability to adapt to changing market conditions, particularly in the Renovation business, highlights its resilience and strategic foresight. By maintaining good margins and capacity to handle referrals, ASPS is well-positioned for sustained growth and success in the evolving market landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

LUXEMBOURG, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Hubzu, Altisource's industry leading online auction marketplace, has expanded its collaboration with NCST (National Community Stabilization Trust), a national nonprofit housing organization, to bolster the supply of affordable, single-family homes.

Hubzu Expands Collaboration with NCST (National Community Stabilization Trust) to Increase Access to Affordable Housing

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS ) Q3 2023 Earnings Conference Call October 26, 2023 8:30 AM ET Company Participants Michelle Esterman - CFO Bill Shepro - Chairman and CEO Conference Call Participants Raj Sharma - B.

Altisource Portfolio Solutions S.A. (ASPS) Q3 2023 Earnings Conference Call Transcript

Although the revenue and EPS for Altisource Portfolio (ASPS) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Altisource Portfolio (ASPS) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

LUXEMBOURG, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the third quarter 2023.

Altisource Announces Third Quarter 2023 Financial Results

LUXEMBOURG, Oct. 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, October 26, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the third quarter 2023. A press release and presentation will be available on Altisource's website in the Investor Relations section.

Altisource Portfolio Solutions S.A. Schedules Third Quarter 2023 Conference Call

LUXEMBOURG, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Celink™, a leading reverse mortgage subservicer, retained Altisource as its REO asset manager for a portion of its HECM/reverse mortgage portfolio.

Celink Selects Altisource to Deliver Comprehensive REO Asset Management Services for a Portion of its HECM/Reverse Mortgage REO Portfolio

LUXEMBOURG, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, announces it provided notice to lenders under the Company's senior secured term loan (“SSTL”) that it intends to repay $10 million of the SSTL using proceeds from Altisource's recently closed public offering of common stock.

Altisource Announces Intention to Repay $10 Million of Its Debt

LUXEMBOURG, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced the pricing of an underwritten public offering of 4,861,111 shares of its common stock at a price to the public of $3.60 per share. The gross proceeds of the offering to Altisource are expected to be approximately $17.5 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. In addition, the Company granted the underwriters a thirty-day option to purchase up to an additional 729,166 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares of common stock in the offering are being sold by Altisource.

Altisource Announces Pricing of $17.5 Million Public Offering of Common Stock

LUXEMBOURG, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced certain preliminary unaudited financial results for July 2023, a status update on the July 2023 cost reduction plan, updated guidance for adjusted earnings before interest, tax, depreciation and amortization (“Adjusted EBITDA”) for the second half of 2023, and an updated Run-Rate scenario.

Altisource Announces Preliminary July 2023 Financial Results, A Status Update On The July 2023 Cost Reduction Plan, Guidance For The Second Half Of 2023, And An Updated Run-Rate Scenario

LUXEMBOURG, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that Equator, Altisource's industry leading SaaS residential loan and real estate management platform, recently added six new customers. Equator's growing list of customers now includes Dawson's Realty & Mortgages Inc., FlippingUSA, Scottsdale REI, LLC DBA Scottsdale Mortgage Investments, and three others.

Six Prominent Real Estate Firms Recently Licensed Altisource's Equator Loan and Real Estate Management Platform

Altisource Portfolio Solutions S.A. (ASPS) Q2 2023 Earnings Call Transcript

Altisource Portfolio Solutions (ASPS) came out with a quarterly loss of $0.68 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.70 per share a year ago.

Altisource Portfolio Solutions (ASPS) Reports Q2 Loss, Lags Revenue Estimates

LUXEMBOURG, July 27, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the second quarter 2023.

Altisource Announces Second Quarter 2023 Financial Results

LUXEMBOURG, July 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, July 27, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the second quarter 2023. A press release and presentation will be available on Altisource's website in the Investor Relations section.

Altisource Portfolio Solutions S.A. Schedules Second Quarter 2023 Conference Call

Altisource Portfolio (ASPS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Altisource Portfolio (ASPS) Soars 12.6%: Is Further Upside Left in the Stock?

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS ) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants Michelle Esterman - Chief Financial Officer William Shepro - Chairman and Chief Executive Officer Conference Call Participants Michael Grondahl - Northland Securities Rajiv Sharma - B.

Altisource Portfolio Solutions S.A. (ASPS) Q1 2023 Earnings Call Transcript

LUXEMBOURG, April 27, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the first quarter 2023.

Altisource Announces First Quarter 2023 Financial Results

LUXEMBOURG, April 24, 2023 (GLOBE NEWSWIRE) -- On Thursday, April 27, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the first quarter 2023. A press release and presentation will be available on Altisource's website in the Investor Relations section.

Altisource Portfolio Solutions S.A. Schedules First Quarter 2023 Conference Call

Altisource Portfolio Solutions S.A. (NASDAQ:ASPS ) Q4 2022 Earnings Conference Call March 30, 2023 8:30 AM ET Company Participants Michelle Esterman - Chief Financial Officer Bill Shepro - Chairman and Chief Executive Officer Conference Call Participants Raj Sharma - B.

Altisource Portfolio Solutions S.A. (ASPS) Q4 2022 Earnings Call Transcript

LUXEMBOURG, March 30, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today reported financial results for the fourth quarter and full year 2022.

Altisource Announces Fourth Quarter and Full Year 2022 Financial Results

LUXEMBOURG, March 23, 2023 (GLOBE NEWSWIRE) -- On Thursday, March 30, 2023, Altisource Portfolio Solutions S.A. (“Altisource”) (NASDAQ: ASPS) will report earnings for the fourth quarter and full year 2022. A press release and presentation will be available on Altisource's website in the Investor Relations section.

Altisource Portfolio Solutions S.A. Schedules Fourth Quarter 2022 Conference Call

LAS VEGAS, March 06, 2023 (GLOBE NEWSWIRE) -- Lenders One® Cooperative (“L1” or “Lenders One”), a national alliance of independent mortgage bankers, banks and credit unions, today welcomes members and providers in Las Vegas, NV at the L1 Summit, its annual conference. The Cooperative members will celebrate the strength of the cooperative and participate in education sessions, keynotes and networking events designed to help members reduce costs, increase profitability and navigate the mortgage markets. L1 Summit features many of the top industry experts and member-only networking and education sessions, to showcase best practices for the current industry cycle.

Lenders One Brings Together Its Members and Providers To Help Members Increase Profitability and Navigate Current Market, Announces Interest in Equity in Three Technology Companies to Serve Membership

Debt repayment reduces PIK Interest and Warrant Shares

Altisource Announces That It Made a $20 Million Par Paydown on Its Term Loans

LUXEMBOURG, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced that it executed an amendment to the Company's term loans on February 9, 2023 (the “Term Loan Amendment") which the parties anticipate will close on February 14, 2023. The Term Loan Amendment, among other things, extends the maturity date to April 2025 with an option to extend to April 2026, subject to certain prepayment and other terms and conditions.

Altisource Announces Execution of an Amendment of the Company's Term Loans and Revolving Credit Agreement

LUXEMBOURG, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Altisource Portfolio Solutions S.A. (“Altisource” or the “Company”) (NASDAQ: ASPS), a leading provider and marketplace for the real estate and mortgage industries, today announced the pricing of an underwritten public offering of 4,000,000 shares of its common stock at a price to the public of $5.00 per share. The gross proceeds of the offering to Altisource are expected to be approximately $20 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. In addition, the Company granted the underwriters a thirty-day option to purchase up to an additional 600,000 shares of common stock at the public offering price, less underwriting discounts and commissions. All of the shares of common stock in the offering are being sold by Altisource.

News for Altisource Stock (ASPS)